Accounts
Notes to the Accounts
Note 13 – Tangible fixed assets
| Group |
Land and buildings £m |
Plant and machinery £m |
Assets in the course of construction £m |
Motor vehicles and office equipment £m |
Total £m |
|---|---|---|---|---|---|
| Cost at 1 April 2003 | 1,037 | 22,665 | 1,035 | 870 | 25,607 |
| Exchange adjustments | (67) | (965) | (17) | (6) | (1,055) |
| Additions | 13 | 345 | 1,020 | 101 | 1,479 |
| Disposals | (128) | (144) | (2) | (124) | (398) |
| Reclassifications | 3 | 760 | (907) | 144 | – |
| Cost at 31 March 2004 | 858 | 22,661 | 1,129 | 985 | 25,633 |
| Exchange adjustments | (13) | (202) | (2) | (1) | (218) |
| Acquisition of Group undertakings | 29 | 592 | – | 11 | 632 |
| Additions | 32 | 334 | 980 | 85 | 1,431 |
| Disposals | (34) | (117) | – | (31) | (182) |
| Reclassifications | 39 | 776 | (838) | 23 | – |
| Cost at 31 March 2005 | 911 | 24,044 | 1,269 | 1,072 | 27,296 |
| Depreciation at 1 April 2003 | 343 | 7,818 | – | 599 | 8,760 |
| Exchange adjustments | (12) | (358) | – | (4) | (374) |
| Depreciation charge for the year | 19 | 732 | – | 115 | 866 |
| Impairment charge | – | 5 | – | 3 | 8 |
| Disposals | (74) | (140) | – | (119) | (333) |
| Depreciation at 31 March 2004 | 276 | 8,057 | – | 594 | 8,927 |
| Exchange adjustments | (3) | (75) | – | (1) | (79) |
| Depreciation charge for the year | 19 | 718 | – | 123 | 860 |
| Impairment charge | 2 | – | – | – | 2 |
| Disposals | (12) | (121) | – | (27) | (160) |
| Depreciation at 31 March 2005 | 282 | 8,579 | – | 689 | 9,550 |
| Net book value at 31 March 2005 | 629 | 15,465 | 1,269 | 383 | 17,746 |
| Net book value at 31 March 2004 | 582 | 14,604 | 1,129 | 391 | 16,706 |
The net book value of land and buildings comprised:
| |
2005 £m |
2004 £m |
|---|---|---|
| Freehold | 590 | 564 |
| Long leasehold (over 50 years) | 12 | 4 |
| Short leasehold (under 50 years) | 27 | 14 |
| 629 | 582 |
The cost of tangible fixed assets at 31 March 2005 included £449m (2004: £402m) relating to interest capitalised.
Included within creditors (amounts falling due within one year) and creditors (amounts falling due after more than one year) at 31 March 2005 are contributions to the cost of tangible fixed assets amounting to £53m (2004: £46m) and £1,150m (2004: £1,130m) respectively.